Indian benchmark indices fell sharply on Thursday, dragged down by the Adani Group stocks. The Nifty breached the 23,350 level and is heading towards 23,180. The 20-day moving average at 23,500 is an immediate hurdle. The overall market sentiment remains weak.
Indian indices ended lower on Wednesday, breaking their two-day winning streak. Nifty formed a spinning top candle, indicating short-term hesitation. Analyst Hrishikesh Yedve recommends a buy on dips strategy as long as Nifty stays above 25,080. Resistance is at 25,500, and support is at 25,280-25,300.--
Aarti Surfactants hit a two-year high of Rs 909.90, as they surged 18% on the BSE in Tuesday's intra-day trade, quoting at its highest level since September 2022.
Indian indices hit new all-time highs on Monday, with the Nifty reaching 25,445.70 and ending at 25,377.80, while the Sensex peaked at 83,184.34 before closing at 82,988.99. Analysts predict ongoing consolidation but a bullish trend ahead.
Stocks to Watch today, Monday, July 22: Mukesh Ambani-owned Reliance Industries Limited, last Friday, reported a 5.5% Y-o-Y decline in consolidated profit to Rs 15,138 crore in Q1FY25
Reliance Industries, Hatsun Agro Products, Tejas Networks and Aditya Birla Money are among companies that will announce results for the March quarter today.
Q3 Results today: Major banks like ICICI Bank, IDBI Bank, IDFC First Bank, Kotak Mahindra Bank, and Union Bank of India will release their Q3 results, among 40 companies.
A short build-up was seen in 55 stocks including LTIMindtree, HDFC Bank, ICICI Prudential Life Insurance Company, Max Financial Services Company, and IndiaMART InterMESH.